23 million adults would consider ditching their bank over gender pay gap

05 April, 2018, 00:53 | Author: Gladys Mathis
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Stoke City Football Club, for example, reported a mean gender pay gap of 92.5% - but that figure includes its highly paid male soccer stars.

"It is estimated that if women and men enjoyed parity in their hours, pay and seniority at work then we could see up to £150 billion added to our GDP", she wrote in The Telegraph.

Those who do not report their figures within the expected time frame will face investigation - if taken to court, an unlimited fine can be imposed.

"This is the first year of reporting and we will use the results to target our efforts effectively as we continue to work with employers towards eliminating the gender pay gap".

At first glance, it appears that Amazon's United Kingdom gender pay gap is significantly better than many of its rivals in the tech sector.

If a company has a large gender pay gap, it's generally a reflection of the fact there are still more men in senior and/or well-paying roles. However, the mean pay gap is 22.7% and the bonus gap is 45% (mean) - but just 0.2% based on a median measure.

Media and tech company Oath UK, the owner of HuffPost UK, has revealed it has a median gender pay gap of 23.29%. In other words when comparing mean hourly rates, women earn 64p for every £1 that men earn.

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What do you think needs to be done to solve the gender pay gap problem?

"It's important that the gender pay gap is not confused with unequal pay, which is already illegal". In every other division, men are paid significantly more. Meanwhile, in its corporate offices, women's mean hourly rate is 26 per cent lower than men's. The companies will also have to publish the numbers showing the proportion of women at the top posts, along with the proportion at which the men and women receive their bonuses.

While flexible and part time workers - especially mothers - are sidelined in favour of full-time colleagues for promotion or new career opportunities, we will not achieve parity in senior roles or pay.

Evening Standard editor George Osborne said the company was "working hard to promote more women and create a diverse working culture". Electronic Arts reports a pay gap of 13.7%, similar to Namco UK's 14.5%. It voluntarily published its global pay gap data, with a median gap of 20.8%. Typically the median is the more representative figure, because the mean can be skewed by a handful of highly paid employees.

THE Independent has refused to publish details of the news site's gender pay gap figures ahead of tonight's midnight deadline.

When it comes to bonuses, female executives are paid 88% less on average than their male counterparts. In Apple's case, these staff are employed in its retail stores, where men outnumber women roughly 7 to 3 in each quartile.

"We are committed to increasing the representation of women at all levels".

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